KUALA LUMPUR, Aug 9 — The ringgit ended the week on a stronger note against major currencies, rising 1.11 per cent versus the US dollar today, buoyed by improved sentiment amid a promising outlook.

PUTRAJAYA, Aug 9 — The labour force showed a positive trend in the second quarter (Q2) of 2024, with a 1.1 per cent increase to 17.15 million persons compared to 16.96 million in Q1 of this year.

KUALA LUMPUR, Aug 9 — Malaysia’s Industrial Production Index (IPI) rose by five per cent year-on-year in June 2024, sustaining a positive momentum for six consecutive months, driven by consistent growth in the manufacturing sector, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Aug 9 — Malaysia’s manufacturing sector sales reached RM921.5 billion in the January-June 2024 period, increasing by 3.7 per cent versus the 3.5 per cent growth in the same period a year ago, said the Statistics Department Malaysia (DOSM).

KUALA LUMPUR, Aug 9 — The ringgit opened higher against the US dollar this morning, although the greenback had strengthened following lower-than-expected jobless claims in the United States (US), said an analyst.

PUTRAJAYA, Aug 8 — The Volume Index of Services experienced a robust 6.7 per cent growth in the second quarter (Q2) of 2024, recording 152.2 points, according to Volume Index of Services, Second Quarter 2024, released today by the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Aug 8 — The ringgit rebounded to close firmer against the US dollar today, buoyed by a softer greenback amid declines in United States (US) Treasury yields.

KUALA LUMPUR, Aug 8 — MIDF Amanah Investment Bank Bhd expects consumer demand to maintain its expansionary trajectory in the second half of 2024 (2H 2024).

KUALA LUMPUR, Aug 8 — Petronas is studying the feasibility of an integrated development strategy for oil and gas extraction in offshore Block 52 in Suriname.

KULIM, Aug 8 — Investments in Malaysia keep growing despite Malaysia’s stance on Gaza compared with that of European countries, Prime Minister Datuk Seri Anwar Ibrahim said.

KUALA LUMPUR, Aug 8 — CyberSecurity Malaysia has unveiled its Digital Resilience Programme, aimed at strengthening cybersecurity for large corporations, institutions, small and medium enterprises (SMEs), and individuals.

KUALA LUMPUR, Aug 8 — Malaysian startups can look forward to pitching their ideas directly to policymakers in Parliament, as mooted by Communications Minister Fahmi Fadzil during the KL Startup Summit (KLSS) on July 17.

KUALA LUMPUR, Aug 8 — The services sector revenue surged 6.8 per cent on-year to a record RM607.1 billion in the second quarter (2Q) of 2024, said the Statistics Department.

KUALA LUMPUR, Aug 8 — A strong Malaysia-China economic relationship is expected to help the country face and overcome the adverse effects of a recession in the United States, said Capital Dynamics Asset Management Sdn Bhd.

KUALA LUMPUR, Aug 8 — Malaysia’s wholesale and retail trade grew 5.4 per cent year-on-year (y-o-y) in June 2024, to register sales of RM146.0 billion, according to the Statistics Department Malaysia (DOSM).

KUALA LUMPUR, Aug 8 — A national affordable housing trust could help ensure affordable houses are built where the demand is, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Ho Hon Sang.

KUALA LUMPUR, Aug 8 — The skills of the workforce must be improved to contribute to the country’s competitiveness and restore Malaysia’s status as an Asian Tiger, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Aug 8 — Six leading government-linked investment companies (GLICs) collectively pledge to invest RM120 billion in domestic direct investment (DDI) over the next five years, said the Finance Ministry (MOF).

KUALA LUMPUR, Aug 8 — Malaysia is expected to complete revising its nationally determined contribution (NDC) target by next February, said Natural Resources and Environmental Sustainability Ministry secretary-general Datuk Ching Thoo Kim.

KUALA LUMPUR, Aug 8 — Tesla Inc’s reported decision to scrap its production plans in Southeast Asia could be its commercial decision, said the Investment, Trade and Industry Ministry (Miti).